FSport AB (publ)
FSport AB (publ) is granted a licence for gaming software by Spelinspektionen and strengthens its position in the licensed Swedish market
Gaming and media platform company FSport AB (the ”Company” or ”FSport”) announces that it has been granted a new licence for its proprietary gaming software, further strengthening the Company’s position in the regulated Swedish gaming market. FSport’s licence has been issued by the Swedish authority Spelinspektionen and is valid until 2028, to manufacture, provide, install and modify the gaming software used by the Company’s online games. The new permit is a so-called B2B licence, and enables distribution of FSport’s games via licensed gaming operators and other partners – thus complementing the Company’s existing B2C licence for betting.
As of 1 July 2023, a licence requirement for gambling software is introduced. This legislative change has been implemented to limit access to software for unlicensed gaming companies operating illegally in the Swedish market. FSport’s receipt of this permit represents a significant milestone in the Company’s efforts to market its gaming products and broaden the distribution of its licensed and certified gaming platform.
In addition to the licence, the Company has also recently received its annual certification and approval for its gaming software from Gaming Laboratories International (GLI), an independent testing laboratory. As a leading global player in testing and certification, GLI has confirmed that FSport, together with the associated software, fulfils the strict requirements and standards of the Swedish gaming legislation and the gaming industry in general.
”This is a significant step in our strategy to work closely with licensed markets. We are committed to providing a safe and responsible gaming experience, and this licence is clear evidence that we are on the right track. Having obtained our second licence in Sweden makes us proud and opens up for future collaborations with media players and gaming operators”, says Staffan Lindgren, CEO of FSport AB.
ABOUT FSPORT AB (PUBL)
FSport AB (Publ) is a Sweden-based iGaming platform developer and operator. Its product, PoolX, provides entertaining mobile sports gaming using proprietary technology. The company is innovating the Daily Fantasy Sports industry with its LIVE-focused casual game format, aiming to reach and engage a wider audience. FSport also operates an in-house media division, which includes Swedish betting and horseracing portals such as www.1X2.se, www.trav.se and www.hockeystakes.com. These portals provide lead generation services to its own brands and the broader iGaming industry. The company’s shares are listed on Stockholm’s Nasdaq First North Growth Market.